Successful Franchisor Virginia Beach VA

There are many factors that contribute to a successful franchise. Chief among these is having the right people in charge of the franchise. Over the years, I've noticed several other characteristics shared by successful franchisors. Obviously, adherence to the following list will not guarantee success, but it will certainly put you far ahead of the average new franchisor.

Eric A Welter
(703) 435-8500
720 LYNN ST STE B
HERNDON, VA
Specialties
Employment, Franchising, Lawsuits & Disputes
Education
Boston College,George Washington University
State Licensing
DC, Maryland, Minnesota, Texas, Virginia

Sandy T. Tucker
(804) 783-6418
P.O. Box 1320
Richmond, VA
Specialties
Antitrust, Litigation, Franchising
State Licensing
Virginia

Mark A Kirsch
(703) 774-1210
12355 Sunrise Valley Drive
Reston, VA
 
Marisa Diana Gallehr Faunce
(703) 774-1214
12355 Sunrise Valley Drive, Suite 230
Reston, VA
 
Pennie Elizabeth Pirsch
(703) 548-5182
1307 Duke Street
Alexandria, VA
Specialties
Business, Franchising, LLC, Partnership, Estate Planning, Elder Law, Guardianship, Wills, Power Of Attorney
Education
Creighton University School of Law,University of Nebraska
State Licensing
Virginia

Maria Christine Klein
(804) 788-8755
Riverfront Plaza, East Tower, 951 East Byrd Street
Richmond, VA
Specialties
Litigation, Intellectual Property, Franchising
State Licensing
Virginia

Leslie Dawn Curran
(703) 774-1215
12355 Sunrise Valley Drive
Reston, VA
 
Patrick J. Maslyn
(904) 639-5501
6430 Arwen Mews
Moseley, VA
Specialties
Franchise Law
Education
Undergraduate : Miami University
Law School : George Washington University
Admitted To Bar : 1997
Professional Memberships
ABA Forum on Franchising; Virginia State Bar Antitirust, Franchise & Trade Regulation Section - Immediate Past Chair

Data Provided by:
Edward Benedict Lumpkin
(804) 697-4116
Suite 1200, 909 East Main Street
Richmond, VA
Specialties
Business, Mergers & Acquisitions, Franchising
State Licensing
Virginia

Robert B Baumgartner
(703) 218-8322
10511 Judicial Drive
Fairfax, VA
Specialties
Landlord & Tenant, Franchising, Business, Contracts, Corporate, Foreclosure
State Licensing
DC, Virginia

Data Provided by:

How to Be a Successful Franchisor

If you have a great business and are thinking about franchising it — you should know what it takes to be a good franchisor. The following list details some factors that typically translate into successful franchisors. In addition when you are buying a franchise it is important to ensure it is strong, and will remain strong. This list can also help identify great franchisors to work with. The following article is from JD Supra .

There are many factors that contribute to a successful franchise. Chief among these is having the right people in charge of the franchise. Over the years, I've noticed several other characteristics shared by successful franchisors. Obviously, adherence to the following list will not guarantee success, but it will certainly put you far ahead of the average new franchisor.

Franchisee Selection Process 

Smart franchisors are very selective in establishing franchisee relationships. Your franchisees are the single most important factor in determining your success. You must make sure that they are financially, intellectually, and emotionally qualifed to run the business. You should never grant a franchise to someone that you would not feel comfortable hiring as a management employee. You should also investigate them as if you were hiring them as employees. Multiple Revenue Streams. In addition to standard franchise and royalty fees, franchisors can increase revenue streams from franchisees through sales of goods or services to the franchisees, such as required inventory and/or equipment purchases. Franchisors can also receive rebates or commissions from other suppliers which the franchisees are required or encouraged to use. Finally, rental income can be earned by leasing site locations to franchisees.

On-going Services

Successful franchisors offer more to their franchisees than just a trademark and a business model. They also offer services such as location selection and development services; complete initial and on-going training (inadequate training is one of the most common causes of franchisee failure); complete specs and systems communicated in a clear manner; procurement programs for equipment, supplies, inventory and services; advertising assistance; and research and development.

Maintaining System-Wide Uniformity

Maintenance of high and uniform standards throughout the franchise network is of signifcant value to the franchisor and each of the franchisees. It is important to the value of the system, that a customer receives high quality and consistent experience in dealing with each franchise location. Whether or not you are a fan of McDonald's, you can't deny the remarkably consistent experience in visiting a McDonald's in Chicago, Atlanta, or Tokyo. A franchisor must implement policies and procedures that help maintain standards by rewarding compliance and enforcing system standards by means of inspections and audits where positive motivation has not proven effective. The more &qu...

Click here to read the rest of this article from NuWire Investor